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Oil Prices Drop Below $60 Amid Ukraine Peace Talks and Supply Concerns

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Source: CNBC
Oil Prices Drop Below $60 Amid Ukraine Peace Talks and Supply Concerns
Photo: CNBC
TL;DR

Oil prices declined due to optimistic prospects for a Russia-Ukraine peace deal and weak Chinese economic data, which raised concerns about global demand, despite ongoing supply concerns and recent U.S. actions in Venezuela.

Topics:business#business#china-economic-data#oil-market#oil-prices#supply-and-demand#ukraine-talks
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  1. Oil moves lower on Ukraine talks, weak China data  CNBC
  2. Oil Holds Near Lowest Level Since 2021 on Ukraine Peace Hopes, Looming Oversupply  The Wall Street Journal
  3. Oil Tumbles on Supply Glut Concerns. U.S. Gas Prices Near 5-Year Low  Barron's
  4. Oil slips below $60 on Russia-Ukraine peace deal talks, weak China data  Reuters
  5. Brent Oil Extends Slide Below $60 as Supply Surplus Signs Grow  Bloomberg.com

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